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02.05.24 09:05

Economy

Egyptian official emphasises importance of maritime transport for country's economy

The future of the country's maritime transport is geared towards the development of multimodal modes of transport

Amr El-Samadouni, Secretary-General of the International Transportation and Logistics Services Division at the Cairo Chamber of Commerce, notes the important role of maritime transport in Egypt's economic development.

The state is keen to improve ports and modernise infrastructure to stimulate sustainable growth. Ports play a key role in accommodating industry and supporting domestic production.

The Egyptian government is actively working with international companies to improve ports and enhance their global ranking. The future of maritime transport until 2030 aims to develop multimodal modes of transport, including seaports, railways and river transport.

The development of maritime transport remains an important priority. This is reported by Daily News Egypt, a partner of TV BRICS.

Maritime transport plays a key role in global trade, accounting for more than 90% of Egypt's foreign trade. Improving port logistics affects exports, imports, balance of payments and living standards.

Photo: iStock

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Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

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Ferdinand Marcos

President of the Republic of the Philippines

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"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

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